Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (17128)	3/20/2002 6:54:47 PM
From: Maurice Winn	Read Replies (2) of 74559

<NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Wednesday, March 20 , was 46.26. Tuesday, the ratio was 46.99. A year ago, the ratio was about 23.20. The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995.. I agree that 2% on savings isn't much and if that was going to stay that way, people would start spending instead of saving. But with life expectancy over 80 years for people with money who are 50 years old, 2% isn't all bad. Especially since that's a figure during a big panic and falls in profit. As the economy recovers, the P:E will rapidly fall. Mq

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